Apoorva Mehta launched Instacart, after most of the 20 business ventures he had started earlier failed. Instacart is now the largest US grocery-delivery company with over 80,000 stores and 7.7 million customers.
Born in Jodhpur, Rajasthan, Apoorva Mehta moved to Libya with his parents. He then moved to Canada, a popular Indian immigrant destination. Mehta studied engineering and worked at Amazon, Blackberry, and Qualcomm before quitting in 2010.
To become a businessman, he started 20 ventures but failed most. Apoorva had no automobile and was tired of using the bus to get food in Canada’s cold. One fateful day, he was hungry and alone in his apartment with just spicy sauce in his fridge.
In his San Francisco apartment, he conceived a supermarket delivery service. Mehta founded Instacart in his kitchen. Since he had no car and few employees, he delivered groceries in a cab in the beginning.
Mehta made Rs 9,100 crore in the initial public offering of Instacart. The firm became the largest US grocery-delivery company by revenue. Over 80,000 retailers and 7.7 million customers use Instacart.
The Covid-19 epidemic boosted its worth to $39 billion in March 2021. Mehta resigned as CEO and board member five months later as part of the IPO. Mehta became a billionaire with Rs 8,325 crore after getting tired of buying groceries offline.
Conclusion
After leaving engineering at Amazon, Blackberry, and Qualcomm, Canadian immigrant Apoorva Mehta launched Instacart in San Francisco. He quit his work in 2010 and founded 20 businesses, most of which failed. Being frustrated with bus food shopping in Canada’s cold inspired Mehta’s concept. Instacart began in his kitchen, with him delivering goods via cab. After its IPO, Instacart became the largest US grocery-delivery company with over 80,000 stores and 7.7 million customers. The Covid-19 epidemic boosted the company’s worth to $39 billion. Five months after the IPO, Mehta resigned as CEO and board member. From his unhappiness with buying groceries offline, Mehta became a billionaire with Rs 8,325 crore.
